Canada vs Mexico: Tax Comparison
Compare income tax rates and take-home pay between Canada and Mexico
You'd keep $5,366 more in Mexico
Mexico
23.5% tax
Canada · Ontario
28.8% tax
$447/mo difference
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Side-by-side breakdown
Mexico
2026
23%
Income
Gross Salary$100,000
Personal deductions limit-$12,210
Mexican Social Security Institute (IMSS) employee contribution-$1,661
Taxable Income$86,130
Taxes & Contributions
1.92% bracket-$11
6.40% bracket-$277
10.88% bracket-$404
16.00% bracket-$224
17.92% bracket-$354
21.36% bracket-$2,608
23.52% bracket-$3,281
30.00% bracket-$10,410
32.00% bracket-$4,245
Mexican Social Security Institute (IMSS) employee contribution-$1,661
Total Taxes-$23,476
NET ANNUAL PAY$76,524
Per Month$6,377
Effective Rate23.5%
Canada · Ontario
2025
29%
Income
Gross Salary$100,000
Canadian Pension Plan (CPP) - Enhanced portion-$556
Taxable Income$99,444
Taxes & Contributions
Federal bracket 1-$5,934
Federal bracket 2-$8,390
Federal bracket 3-$4,574
Basic Personal Amount (BPA)+$242
CPP Base Contribution Credit+$66
Ontario bracket 1-$1,853
Ontario bracket 2-$3,358
Ontario bracket 3-$2,907
Ontario Basic Personal Amount+$242
Canadian Pension Plan (CPP) - Base portion-$1,627
Employment Insurance (EI)-$748
Total Taxes-$28,841
NET ANNUAL PAY$71,159
Per Month$5,930
Effective Rate28.8%
Tax rate by income level
Canada
Mexico
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